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On December 21, 2020, Congress passed the Consolidated Appropriations Act of 2021 (CRA), which combines a $1.4 trillion omnibus government spending bill with a $900 billion COVID-19 relief package. The massive bill, which was signed by President Trump on December 27, 2020, provides additional COVID-19 relief in several key areas impacting healthcare providers and payors alike, including the following:
Adjustment to Medicare Physician Fee Schedule. The CRA provides a one-time increase to the Medicare physician fee schedule of 3.75% from January 1, 2021 to January 1, 2022 in order to support physicians and other professionals providing care during the COVID-19 public health emergency.
Thursday, December 24, 2020
On Monday, December 21, Congress enacted a $900 billion stimulus package that includes support for American health care providers and patients impacted by COVID-19, and additional funding for COVID-19 mitigation and vaccination.
The complete stimulus package contains a significant number of health care measures. The following is not intended to be a comprehensive review of all these measures, but rather a highlight of those that we feel may be of particular importance or interest to our clients.
Support for Providers and Hospitals
Provides $3 billion to the Provider Relief Fund, a source of funding to health care service providers who have lost revenue due to COVID-19; allows the federal Department of Health and Human Services (HHS) to distribute 85% of the grants through a process that will prioritize, among other things, a provider’s financial loss.